The value of a stock share in a new technology company has been increasing at a rate of 8.6% quarterly. The initial price of one
2 answers:
Answer:
The equation is :
Step-by-step explanation:
The given rate of interest = 8.6% or 0.086
The initial price of one share was $102.15. An investor plans to sell once the value of one share reaches $233.10.
No, if 't' is the number of quarters since the initial price of one share was set, then the equation that could be used to determine how long it will take the share to reach $233.10 is :
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Answer:
Rayshawn originally had $30.
Step-by-step explanation:
i) Rayshawn has a certain amount of money. Let us say this amount is $x.
ii) Rayshawn spends $20 which means that he is left with $(x - 20)
iii) it is also given that amount of money left after spending $20 is of the original amount, $x, the amount remaining is
.
iv) from the information given in ii) and iii) we get
$(x - 20) = , Therefore we get 3x - 60 = x , therefore 2x = 60,
Therefore x = $30. Rayshawn originally had $30.